Tel Aviv, Israel - Pitango Venture Capital and Index Ventures invested over $6 million in Evolven, the provider of Enlight™, the industry's first Environment Lifecycle Management (ELM) solution.
Enlight automates the entire lifecycle of non-production environments to help organizations significantly cut testing and IT costs, improve quality control and accelerate time-to-market. Enlight brings together the power of progressive automation and the underlying intelligence and knowledge of professional resources, to deliver a complete, end-to-end system based on the foundation of successful testing - the non-production environment.
"This is one of the largest venture seed financing rounds for enterprise IT in several years," says Asaf Landau, Evolven CEO. "Having the backing of some of the world's leading venture capitalists will play an instrumental role in bringing our quality solutions to the marketplace."
The proceeds of the financing round are being used to develop the Enlight product and put into action a go-to-market plan in both the U.S. and Europe.
Pitango Venture Capital is Israel's leading venture capital firm investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, California, Pitango currently manages several venture funds totaling over $1.3 billion in committed capital invested in more than 100 companies.
Index Ventures is a leading European venture capital firm active in technology venture investing since 1996. The firm is dedicated to helping top entrepreneurial teams in the Information Technology and Life Science sectors build their companies into market defining global leaders.
About Evolven
Evolven delivers innovative configuration management solutions for the modern data center and cloud. Evolven’s Configuration Analytics solution enables companies to dramatically increase the stability of their IT environments, lower operating costs, reduce the risk of production outages and cut environment incident investigation time & effort.
Evolven is a privately held, venture backed company headquartered in the U.S., with presence in the US, Europe and the Middle East and a development center in Israel. Evolven's executive team and advisory board include world-renowned experts from the world of IT management and enterprise software.
Founded by former Mercury executives, Evolven is backed by leading venture capital firms, including Pitango (www.pitango.com) and Index Ventures (www.indexventures.com). For more information, please visit www.evolven.com.
